Who will finance the innovation?

The Global Innovation Index (GII) Report, 2020.

The release of the next Global Innovation Index report, 2020, has been announced.

This year’s GII is dedicated to the theme: “Who will finance innovation?” and it can be downloaded from September 2, 2020 at this link:

The report looks at the state of innovation financing around the world and attempts to pinpoint progress and remaining challenges. It also studies how the Covid-19 pandemic is affecting the access of companies and entrepreneurs to different forms of financing innovation.

About the Global Innovation Index

The Global Innovation Index (GII) is an annual ranking by countries, which measures their capacity and performance in innovation. It is produced by Cornell University (NY), INSEAD (F) and the World Intellectual Property Organization (WIPO), in association with other organizations and institutions.

Publication was started in 2007 by INSEAD and World Business, a British magazine.

In the thirteenth edition of its ranking, the GII 2020 uses 80 indicators to classify the innovation capacity and performance of 131 economies around the world.

The GII is calculated by taking a simple average of the scores in two sub-indices: the innovation input index and the innovation output index, which are made up of five and two pillars, respectively. Each of these pillars describes an innovation attribute and comprises up to five indicators, and their score is calculated using the weighted average method.

Different rankings

We have recently presented here the results of European Innovation: EIS 2020.

The fact of carrying now another index may perhaps create confusion, but it’s done for two main reasons:

  • The GII is global index and is prepared by a combination of universities and business entities, while the EIS is a production of the European Commission and it is logically more focused on the EC countries.
  • The GII is not only a ranking of the different world economies, but at the same time, it presents an annual monographic topic. I think this year topic is of vital importance and urgency, such as financing innovation in the coming years with the Covid-19 crisis.

We hope the report will shed light on some questions:

Key questions

  • What is the relative state of innovation financing today and in the future, especially in light of the current health and economic crisis?
  • How are the sources of venture capital evolving?
  • What do the new actors and mechanisms contribute to the situation? Are they effectively helping to overcome possible market failures?
  • What are the differences between countries? Does the innovation financing gap contribute to deepening the global gap between countries?
  • How do we ensure financing mechanisms that support the development of innovation ecosystems?

2019 report

You can see the full data of the 2019 report at:

2019 ranking summary

We have separated here a summary of the three global rankings presented by the 2019 GII report. You can download the total report at the following link.

We also present the part of the report that refers to Spain:

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